A virtual cash account or more commanly referred to as virtual balance is an instrument that stores the monetary value of a specific currency under a Wallet. It behaves like a simplified bank account but doesn’t offer IBANs or direct cash withdrawal.

Currently we support 2 type of VCAs:

  • Primary - Used to move money in and out of your wallet (e.g. receiving payouts, sending money to someone or paying at a store).
  • Saving - Used to set money aside for special occasions.

You can open 1 primary balance per currency and an unlimited number of saving balances.

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Opening a balance

You can easily open new balances from the overview section in your wallet dashboard, or by using the Wallet Balances API.

1

Open Balance

Navigate to Wallets > Overview and click the + button to open a new balance


2

Confirm Details

Enter a title, select the type and currency for your new balance.


3

All Done ✅

Once you’ve been redirected to your new balance, you’re ready to start moving money in your new currency.

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Funding your balance

To add funds to your balance you can utilize one of the following methods: